ABT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ABT
Largest movements
- Stocks and contracts -€1.4m
down €1.4m (-55.4%), from €2.5m to €1.1m
- Cash +€355,081
up €355,081 (+107%), from €331,714 to €686,796
mainly Stocks and contracts (+€1.4m) and Tax, wage and social debts (+€270,393)
- Short-term financial debts -€1.5m
down €1.5m (-77.5%), from €1.9m to €425,691
- Tax, wage and social debts +€270,393
up €270,393 (+3,193%), from €8,469 to €278,862
- Reserves +€100,000
up €100,000 (+70.8%), from €141,255 to €241,255
- Trade debts +€81,437
up €81,437 (+26.8%), from €303,750 to €385,187
- Gross operating margin +€60,279
up €60,279 (+30.7%), from €196,228 to €256,507
- Taxes +€17,067
up €17,067 (+50.2%), from €34,020 to €51,087
- Financial income -€16,886
down €16,886 (-57.6%), from €29,292 to €12,406
- Other operating charges -€4,298
down €4,298 (-69.7%), from €6,167 to €1,868
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,940,979 | €2,891,323 | -€1.0m | -26.6% |
| Fixed assets | 21/28 | €671,758 | €636,826 | -€34,932 | -5.2% |
| Tangible fixed assets | 22/27 | €658,258 | €636,326 | -€21,932 | -3.3% |
| Land and buildings | 22 | €658,258 | €636,326 | -€21,932 | -3.3% |
| Financial fixed assets | 28 | €13,500 | €500 | -€13,000 | -96.3% |
| Current assets | 29/58 | €3,269,221 | €2,254,496 | -€1.0m | -31.0% |
| Stocks and contracts in progress | 3 | €2,539,316 | €1,131,315 | -€1.4m | -55.4% |
| Stocks | 30/36 | €2,539,316 | €1,131,315 | -€1.4m | -55.4% |
| Amounts receivable within one year | 40/41 | €394,067 | €432,709 | +€38,641 | +9.8% |
| Trade receivables | 40 | €99,672 | €42,894 | -€56,778 | -57.0% |
| Other amounts receivable | 41 | €294,395 | €389,815 | +€95,419 | +32.4% |
| Current investments | 50/53 | €1,365 | €1,365 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €331,714 | €686,796 | +€355,081 | +107% |
| Deferred charges and accrued income | 490/1 | €2,758 | €2,312 | -€446 | -16.2% |
| Total equity and liabilities | 10/49 | €3,940,979 | €2,891,323 | -€1.0m | -26.6% |
| Equity | 10/15 | €160,063 | €262,933 | +€102,870 | +64.3% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €141,255 | €241,255 | +€100,000 | +70.8% |
| Distributable reserves | 133 | €141,255 | €241,255 | +€100,000 | +70.8% |
| Profit (loss) carried forward | 14 | €58 | €2,928 | +€2,870 | +4,969% |
| Amounts payable | 17/49 | €3,780,916 | €2,628,390 | -€1.2m | -30.5% |
| Amounts payable after more than one year | 17 | €1,537,837 | €1,499,563 | -€38,274 | -2.5% |
| Financial debts | 170/4 | €481,794 | €445,806 | -€35,988 | -7.5% |
| Other amounts payable | 178/9 | €1,056,043 | €1,053,757 | -€2,286 | -0.2% |
| Amounts payable within one year | 42/48 | €2,237,579 | €1,125,727 | -€1.1m | -49.7% |
| Current portion of amounts payable after more than one year | 42 | €34,989 | €35,988 | +€999 | +2.9% |
| Financial debts | 43 | €1,890,372 | €425,691 | -€1.5m | -77.5% |
| Credit institutions | 430/8 | €1,890,372 | €425,691 | -€1.5m | -77.5% |
| Trade debts | 44 | €303,750 | €385,187 | +€81,437 | +26.8% |
| Suppliers | 440/4 | €303,750 | €385,187 | +€81,437 | +26.8% |
| Taxes, remuneration and social security | 45 | €8,469 | €278,862 | +€270,393 | +3,193% |
| Taxes | 450/3 | €8,469 | €278,862 | +€270,393 | +3,193% |
| Accrued charges and deferred income | 492/3 | €5,500 | €3,100 | -€2,400 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,932 | €21,932 | = | 0.0% |
| Other operating charges | 640/8 | €6,167 | €1,868 | -€4,298 | -69.7% |
| Gross operating margin | 9900 | €196,228 | €256,507 | +€60,279 | +30.7% |
| Operating profit (loss) | 9901 | €168,130 | €232,707 | +€64,577 | +38.4% |
| Financial income | 75/76B | €29,292 | €12,406 | -€16,886 | -57.6% |
| Recurring financial income | 75 | €29,292 | €12,406 | -€16,886 | -57.6% |
| Financial charges | 65/66B | €90,499 | €91,155 | +€656 | +0.7% |
| Recurring financial charges | 65 | €90,499 | €91,155 | +€656 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €106,922 | €153,958 | +€47,036 | +44.0% |
| Income taxes | 67/77 | €34,020 | €51,087 | +€17,067 | +50.2% |
| Profit (loss) for the period | 9904 | €72,901 | €102,870 | +€29,969 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,901 | €102,870 | +€29,969 | +41.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.